An oceanfront compound on the westernmost point of Palos Verdes Estates is on the market for $35 million.

If it gets close to the asking price, it will surpass the Andalusian-style home in the guard-gated city of Rolling Hills purchased for $22.4 million in October 2018 as the Palos Verdes Peninsula’s most expensive house ever sold.

Located in the quiet enclave of Lunada Bay, the recent listing features two Santa Barbara Spanish-style homes for a total of 12,474 square feet with seven bedrooms and 11 bathrooms.

A pool and spa marry two properties combined to create the lush, 1-acre-plus grounds, backdropped with unobstructed coastline views from Redondo Beach to Malibu.

Palos Verdes Estates is one of four cities on the peninsula that Britt Austin of Vista Sotheby’s International Realty calls a best-kept secret.

“In Palos Verdes Estates and Rolling Hills, which is a guard-gated city, you get some really big lots,” said Austin, the co-listing agent. “It’s a beautiful place. I don’t know why prices are (undervalued), but I think that will change.”

Records show the first of the two properties sold in July 2007 for $4.9 million to a trust managed by Tim Armour, the outgoing chairman and CEO of the Capital Group, who retires October 25 after 40 years with the financial services company.

When the neighboring house came on the market, records show the same trust scooped it up in March 2011 for $4.5 million.

Each of those times, the owner replaced the original home with a new two-story construction, first in 2008 and then in 2016. They include a 7,022-square-foot main house and a 5,450-square-foot guest house with an entertainment pavilion, each curated by celebrated interior designer Tim Clarke.

His touches include reclaimed wood-beamed ceilings, vintage Italian chandeliers and antique French fireplace mantles.

At the five-bedroom main house, the front door opens to reveal the living room with a fireplace and built-ins.

It leads to the formal dining room, which connects to the eat-in kitchen and breakfast room via the butler’s pantry. Design elements in the kitchen include countertops of aged Massangis limestone, a patinaed copper sink and high-end appliances and fixtures.

The kitchen overlooks the family room where disappearing glass walls extend the interior to expansive grounds by landscape architect Art Luna that feature sprawling lawns, limestone hardscape and pergolas.

Elsewhere, there’s a home office, screening room and primary suite with direct access to an outdoor spa. It also boasts a fireplace in the bedroom, a separate shower and tub in the bathroom, and a walk-in closet with floor-to-ceiling built-in storage and an island.

The guest retreat includes two bedrooms, a 1,200-bottle wine cellar, a gym, an office and an expansive family room referred to in the listing as the entertainment pavilion with retractable glass walls.

Garage parking for seven rounds out the highlights.

More than well-appointed, the listing also boasts Savant home automation and next-level security. While the designer furniture and home furnishings are not included in the price, they are available for purchase outside escrow.

Austin shares the listing with her mother, Cari Corbalis, also of Vista Sotheby’s International Realty.

Related Articles